„საქართველოსა და საუდის არაბეთის სამეფოს შორის შემოსავლებსა და კაპიტალზე ორმაგი დაბეგვრის თავიდან აცილებისა და გადასახადების გადაუხდელობის აღკვეთის შესახებ“
📋 განხილვის ეტაპები
სხდომაზე განსახილველი პროექტი
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საქართველოს პარლამენტის დადგენილება
ბიუროზე განხილული დოკუმენტი
🏛️ კომიტეტები
- საფინანსო-საბიუჯეტო კომიტეტი წამყვანი კომიტეტი
- განათლების, მეცნიერებისა და კულტურის კომიტეტი კომიტეტი რომლის დასკვნაც სავალდებულოა
- დარგობრივი ეკონომიკისა და ეკონომიკური პოლიტიკის კომიტეტი კომიტეტი რომლის დასკვნაც სავალდებულოა
- საგარეო ურთიერთობათა კომიტეტი კომიტეტი რომლის დასკვნაც სავალდებულოა
- სპორტისა და ახალგაზრდულ საქმეთა კომიტეტი კომიტეტი რომლის დასკვნაც სავალდებულოა
- ჯანმრთელობის დაცვისა და სოციალურ საკითხთა კომიტეტი კომიტეტი რომლის დასკვნაც სავალდებულოა
📅 დამატებითი ინფორმაცია
ბიუროზე განხილვის თარიღი 2018-05-14
ბიუროს ნომერი 159
📜 ტექსტი
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Llr rh!lJrrr 1l(rsort tl.ltrJ(\ilr rn,trrrJrr,rl rr t,'rrrfirnr,rrnl ,rrl\ (rlh(r l'rxl1 ol pcr's"n:'
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cor,poral\r lir| lr\ |Urnoscs:
the tcrn)s 'cnterprise ofa Contrdcting Slale" and "cnlerprise ofthe other Contracting
Srate" mean .espcc(ively an entcrprise carried on h} a resident ofa Conrscting Sule
and an enrerprise canied on by a residcnl ollhe other Contractiog Sute:
g) the term "im.rnalional traflic" means any trarspon b) n shiP or aircratl operated by
ao enlerprise thel has ils place of eflactile mansSement in a Contracting State.
except when the ship or aircraft iJ operatcd solely between plses in the olher
Contlactiog Smle:
lrl llr( l.rrrr 'r.,Li,ir).rl rr .rrrr'
i) arry individual possessin-q thc citirenship ol nationalil) ol-a ConlracliDg State:
ii) any legal ptrson. pannership or associali(rn deriving hs smtus as such from thc
la$s in tbrce in a Contracting Slalei
i) lhe tcml "compelenl authoril)" means:
i) in the case ofGeorgia. lhe Minislrv ofFinance or i1s aulhorised rep(Esentative:
ii) in the case ofthe Kingdom ofsaudi Arabia. the Ministr]'of Finance represenled
by lhe l\'linister ol l'inance or his author,zed represenlalive:
As rega.ds thc application ol this Agret[]errl .l ar! time b] a ContBctiD8 Stale. any
term not detlned therein shall- unless thc conlcrt othcrwisr'r'eqLrircs. hrve the meaninui thot it
which
(
ha$ at thal timc und('r lhe la\r of llul onlracting Slalc lirr th. Furposes of the laxes to
this A$ee0renl applies. any fireaning under thc npplicrble tar larvs ofthat Conuaoting State
prcvailing ovcr a nreaning given to lhe lerm ullder olher laws ol lhal Conlttcling State'
2.
Article 'l
RESIDENT
l.
Fo. the purposes ofthis Agreement. the term "rcsidenl ofa Contracting Slrtc" mc&s:
a) any p€rson who. under the luw ofthat Slate is liable to t&(es in drat Stilte by reason
of his domicile, residence. place of incorForation' place of rnanagement or 8ry othct
crilerior of a similar nalurt. and al$ incllde thal State and any administrativc
suMivision or local autl$rilies thereol:
<96>
b) a legal person organized under lhe la\'!s of a Conlracling Srate and rhal is nol liable
to tax or generall) exempl from ta-\ il] lhal Slale and is established and mainlained in
that Sl4te either:
i) tbr a religions. charitable. educalional, scienlific, or oihcr similar purposc; or
ii) to provide pensions or othcr similar bcnefils to employees.
This term. however. does no( include an! p€rxon who is liable lo tax in lhal State in respect
only ofincome ironr sources in that Stale or capiml sillated llrcreiIr.
Where bJ- reason ut the prolisions of prtagrxph I ol this A(icle an individual is a
resident ofbolh Conlracling States. Ihen hi5 slalus shall he determined as lbllowsi
2,
he shall he deemed to be a resident onl)- ol lhe Contracting Stale in which he has a
permanent home available !o him: if he has a permane[t home available to him in
borh Contmcting States, he shall be d.emed lo be a residcnl only of thc Contracting
slate wirh which his personal aod econoDric rclations ate closer (centrc of viral
intcres(s);
h)
ifrhe Contmcting Sule in which he has his ceDtre ofvital interests cannot be deternrined, or iI he has nol a permanenl home available to hi in ei(her Contracting
Stale. he shall b€ deemed lo be a residenl only of the CoDtracting Statc in which hc
has an habitual abode:
c) il he hassD habhual abor.le in troth Ci)lltrtrclinB stales.rr ill neither of them. he shall
be dcenled to he a resident onl) ol'lhe Conlraclillg Stale oI which he is a oational:
d) lf heisonational of botlt Conl6ctinS Slatcs or ol neilher of lhem. the conpelenl
authorities ofthe Conlmcling Stales shall scllle lhe queslion by mutual agrcemenl.
,1.
Where h! reasion ofthe provisions ofpuagraph (l ) ol this Anicle. a person othcr than
an indiridual ir a r.'tidenl of bofi Conlracling Stalcs. and then ir shall be deemed to be a
rcsidcnr only ofthe Contmcting stale in which iB place of effective malo8ernenl is siluatld.
Article 5
PERMANENT ESTABI.ISHMENT
l.
For thc purposes ol this Ageelnent lhe term "permanent establishmenf' mcais a
tlxed placc ofbnsiness firough which the business ofan enlerprise is iYholly or panly caried
on.
2.
fhc tcrm "permanent establishmenf inoludes especiallyr
a) s place ofmanagemenll
b) a brunch:
c) an ofllcc:
d) a faclory:
e) a workshop. and
f) any placc ofextraclion oinaluml rcsources.
3-
The tenl "permanenl establishment" also rncludcs:
a) a buildinB site- a consltuclion. dssembly or ilstallalion proje'r ot tupervisory
aclivities in connectlon dterewith, but only where such site. pmjccl or activities
continue for a period ofmore than six monthsl
b) the fuinishinS of services. including corlsultancl services by an entcrPrisc through
enlployees or othcr pcrsonnel ensa8ed try lhc ent€tprise for such plrposr' but only
where aclr\,ities of thil nalurc conlinuc (lbr lhc saDc or a connecled project) within
l2'
thc counr0 fbr a period or pcri(xls agEregalins rnore thtln six monlhs within any
onlh Peri(){l:
Notrvithstanding the precediog pmvisions ol lhis Arlicle the term "permanenl establishment" shall be deemed [ol lo include:
4.
a) the use of t'acililies solell tbr the ptrrpose ol slorage. display or delivery of goods or
mcrchandise belonging lo the cnlcrPlisc:
b) the mainlenance of a slock of goods or me,chandise belonging lo thc cnt'rprise
solcly for the purpose storage. display or delivery;
c) the maintenancc ol a stock of gmds ot merthandise belonS.ing lo thc enteryrise
solely for rhe purpose ofprocessing by anolher enlcrprisei
d) the mainrenance of fixed place of business solely tbr lhe purpose of purchasirg
goods or merchandise or o[aoll.ctinS infonn0lion. lor the enterprisei
e) rhe mainlenance o[ a tit(ud placc ol busincss solell lbr lhe purpose of csrrying on'
i
for the cnlerprise. any olher aclitil) of a prep0rxk)r-Y or auxiliary characteri
t) lhe mainlenancc ol a tired place ol busiDcss solel) lbr ant- combinslion ofactiviti's
mentioned in subpa.agraphs (a) lo le) ol this paragraPh. provided thal the overall
activil) of the fixed place ol-busin(ss resulling from this co binatior) is of a
pr€paratory o, auxiliary chamcter.
i.
Norwithstanding lhc prolisions of paragraPhs I snd 2 of lhis Article. whete a person
- othcr lhan an agcnt ol 6n independcnt stalus lo Phonl paragraph 6 oflhis Adcle applies- is
actitrg in a Conlracting State on h€halt o[ an enterprise of the other Conlrac(ing Stsle' thsl
entcrprise shall be decmed lo have a pemanenl establishmenl in the first'mentioned
Cootractin8 Sllrc ir) rcspect ofany activilies which (hat Person undeiakes for $e enterprise.
ifsuch a persoll:
has anr.l habituulll_ exere-ises in thal (i)ntrnclirlg Slale an allthorily lo conclude
contracts in the name of the enterprise. unless lhf activilies oI srch peron ff€
limited lo rhose mentioned in pamSraph d of lhis Anicle which. il excrtised thtough
u fixed place ol business would not make this fixed place of business a p€rmanent
est blishmenl undcr fie provisions oflhst paragraph: or
h) has no such aulhority. bul habituall) maintains in fte lirsl_llrcnlioned slate a stock of
goqls or nrcr.handis€ lion1 which he re8trlarl) delirers goods or ncrchandisc on
behalf of the enlerprise.
An enterprisc of a Contracling State shall nor be deened to hav€ a pc'manenl
establishment in lhe other ConlractinB State nlerely b€cause it carries LID business in lhat
other Conuacting Slatc lhrouSh a bKlker. general comrrissioD irgenl or ant olher agcnt ofan
independcnt status. pro\ided lhal such pern)ns arc ilciin8 ir the ordinar! couase of their
6.
busincss.
The thcl lhll a compan\ r hich is o residenl of a (ollraclinS State conltols or is
controll€d by a conrpany which is a residcnt of thc othcr Contra(ling Slale. or which car es
on business iD llut olher staLc {\ltelhcr tllrough a perlnan.nl cjlablishnletll or o$erqise)'
shall not ofitsell conslilule eirher company a pemrancnt eirablishlrieDt ol thc other'
7.
\ rli(lt ('
l\( ()\ll. l'lto\l lll\lo\ \ lll.l. l'ltol't:l{ l\
lne,rnrc tlerirrJ hr u r!sidt'Ir ,\l ir (,,rrl.riliir! S1rlr. lr,,rr ir)rlr,)!irhl( frrPCfl\
iin.lurlins irr(r)rrr. l,,rrl rlritLrlttrrr',,r l(rr.\lr\ )'rltr.rlc(l irl lhr "llr.r ( ('rrlrirclirr! Stillc rlr \ lrrs
rr\e(l rn lh.Ll ,,lh.r \lirl(
I
l
law of
fhe term "immovable propertl, shall have lhe meaninB which it has undcr lhe
This term shall in aoy c'se
the Conlracting Slare in which the propeny in queslion is situated
in
include propety accessory lo immovable propen;-. livestock and equipmenl used
landed
agriculturc and forest]-. righrs to rvhich the pmvisions ol-general law respecting
as
payments
piopcny apply. usul'Lt cl ol immovablc prop€rt! :rrd .i8hls lo variable or fixed
Ibr lhc rvorking ol. or lhe riSht to \ork. mi eral deposits sources aod other
"on.ia"r",inn
prop€rty'
n&tuaal resources. Ships aDd aircrali shall nol be re€srded as imnlovable
2.
the
Thc provisions of paragraph I ol lhis Anicle shall appl)' to income dcrived from
dir€ct use. letting. or usc in any olher form of imnlovable property'
3.
The pN\,isions of paragraphs I alnj I ol lhis Article shsll also apply lo lhe
for
tiom immovable Fropertl_ ofan enlcrprise and to income lionr iflmovable propeiy used
the perfonnance ol indefcllJ(rll Personal sLn iccs'
income
4.
Arti(le 7
BIiSINESS PROFI'I'S
stare
The profi[ r]f 8n enle0rise ol a Conlracling State shall be taxable only in th5l
Stalc through a permanent
unless rhe enlerprisc caries on bulincss in the olh'r ConlractinS
the Profils of
establishment situaled (herein. ll'the cnlerprise carries on husiness as al_oresaid'
is attiburablc to
thc enterprise may be taxed ill lhe other State bul onl) so much ol them as
L
ofthe
(c)
other
kind as thosc sold rhnrugh thal pernlanenl cstablishmenl: or
(a) thar pcr anent eslahlishnrent: (h) sales in thal olhcr Slatc of goods or merchandise
same or sinlilar
business acti\ities clrried on in lhal olh.'r Slate of rhc sanrc o[ similar kind
through thol pernranenl establishmenl.
i
as those effected
ofa
Subiect to the pro\isiorts ot paragraph ol this Anicle where an enterprise
(inltraclin8 Stale hrouS'h a pcrmenenl
Contractirlg Stnte carries on business in the other
(
to that
eltablishmelt si(Mted thercin. thcr('shall in.ach oDt''a(ling State be atlrihuted
2.
pemanenl esrablishmenl the profils rvhich il miSht be cxPecled lo nlakc if il were a di$inct
or similar
and separate enterprise e[8a8ed in the samc or similar nctilitics undet lhe same
qilh lhe cnlerpri* ol which il is a pormanent
conditbns and dealing uholly inrlependently
cslablishment.
ln the delerminalion of the profits of a perma[enl cstablishment' th€re shall be
of the
allo\ted as deductions e\penses lrhich art incuncd Ior thc pnrpos€s of the business
lDd 8enenrl administrnlite cxpenses so
frcnnanenr cstablishnrenl. includinS execulive
incurred. *htthel in thc Slnt!' in $hich lhc pern]ancnt crlablishnlenl is situnied or elsewhere'
J.
Hou'ever. no such deduclion shall be allowt(l in rcspecl ol'antounls. il ally' paid (olherwise
than towards reir$bursemenl of aclual expenscs) by the permanent establishmenl to the head
ollice of the enterprise or an)' ol ils olher omces. by way of royalties. fees or other similar
pnyments in retuln lbl the use of palents or othel riShis. or hy way of comurission. for
specific services perlbr'nted or for nranagetnenl. or. eicep( in lhe case ol a banking enterPrise'
by $aI- of incorne from debcclaifis wilh rc8ard to moneys lent to the p€rmanent
establishmenl. l,ikc$ise. no account shal! bc talien. in the delermination of the profiB ofa
permanent establishmenl. lbr amounls charSed (otherwise than towards reimbursement of
aciual exp€nses). by the permanent eslablishmenl lo the head office ol- lhe eoterPrise or any
of irs other omces. by wcy ofro)-ahies. fees or olher similat pa!'nrenls in retum for the use of
patents oi other rights. or by \r'a]'' ol'commission for specitic scrvices performed or for
lltsrralicm€nt, or. excepl in lhe casc of a balking enterprise. hy way of income frorll debt'
claims wirh reSold lo Dlonevs lenl lo lhc hcad oflice of the enterPrisc or any of its other
offices.
4.
Insolar as il has heen cus()mar! ill a (lonlraclirg Stale to detsrnrine the prcfits to be
arlributed io a permanent establishmelll on llle basis ol a[ apportionment oi $e loul protjls
ofthe enlerprise to ils vaiious pafls. nolhi,rS in paraBraph 2 ofthis Anicle shall precludc dral
Contracting State from derenniniug the prorils Io he taxed by such aD apponionment as may
rasull
be customaryt the method of apportionment adopled shall. howevcr. be such that thE
shall be in accordance wi$ lhe principlcs coilained in this Article'
5-
[or the purposcs of th€ prccedi[8r paratsruphs. the ptolhs lo bc atlribuled to the
permancnt eslablishnEnt shall be determined by the same ntethod year by ye'! unless rhere is
good and suflicient rcason to the conlrary'
NothiDg in this Articlc shall alTecl thc opemlilrn ofan! la$ ofa Contraclilg Slat'
relatilrg to lax impossd on inconre dcrived ht rlon_residelrls lionr insurltnce aclivities
6.
Whcrc profiB include itenrs of incorne which are dealt with saparately in other
Arlicles of this ASrcenlent. lhen the provisions ofthose Articles shall nol b€ aftbetcd by fte
prorisions of lhis Anicle.
7.
.\rli( lc !i
slllPPl\(' ,\Nl) \lla ll{.\\sP()lr l'
l'}n,liis liL,rn tlrt opcrrrtit,rr ol shifs,'r rir!rrrll in nlcrrr.rri{rnrrl lttrlll( shirll hr
rlxilhl! onll in th. ( r)rrlr.rrlin! SIrIL irr *hl(ll Ihr l)ln!. "1 (ll..ti\. Illirnxgunrerrl ol
lh( enlar l1r:( L. 'rlr .rL((i
L
2.
lf the place ofellbctile nranagemcnt ofa shipping enlerPrise is aboard a ship'
then il shall b€ deemed to be siluatcd io the ('onlracting Slate in which the homc
harborr oflhe ship is siltraled. or. il lhere is no sLrch honle harbour. ir lhe Coflracting
Stale of which the opeml(n of dlc ship is a residl'il.
l.
The provisions of paragraph I ofrhis A(iclc shall also appl-Y to prolits from
the participalion in a pool. ajoint business or an international operating agency'
,\rtiljll,r)
ASS(X tA l lll) l.;\l [:ltPRlsl.]s
Where:
An enterprise of a (',,nlrr!lrr! \l.rl. lirrlr!tlnl(\ Jir(ell\ ,,r inJircitl) irl lhc
managenrenl. control or'.lpitul ,,1 ar crrtcryri\( 1,1 lhr t,lh(r
( (,nlrilclinS Slalc. or
b) Tha same persons parlioipale direclll or indirectl) in the management. conlml or
capkal ol un enterprise o[ a Contmcting Srale and an enterprise of the olher
Contracting Slate.
and in eithcr casc condilions arc made or ilnposed hetwecD the rwo enterprises in lheir
comrnercial or tinancial nlations which difler fronl lhose which would be made betwcen
independerlt enterpris!s. then tuiy prollts \\hictl would. bul Ior those condilions' have accrued
to one ol lhe enterprises. but, by reason o[ $osc conditions. htve nol so acorued, may be
included in the profils oflhat enterprisc and taxcd accordingly'
Where a Contracling Shle includes in lhc pr(rlils ol an enlerprisL'ol lhal Slate - 6nd
uxes accordingl) - pfoti$ on which 0ll enlerprisc ol'fie olhcr Contracling Stale has been
charyed to tax in that olhcr Stale aDd the prolils so included are profits which would hsve
thc two
accrucd to lhe enterpri* ofthe firsl'mentioncd Slate il the conditions msde b€lwecn
l.
enterprises had teen (hose $hich would have bcen nlade bctweell independenl etterPris's'
then that other State shall male .n spprop ate adiustmcnt to the amounl of Ihe lax charSld
oftcr
thercin on those proiits ln detemrining such adjuslment. due regard shall bc had to lhe
provisions of lhis A8reenrent and the competenl aullNrilies ol the ConlractinB Sktes shall if
,ecessary consult each olher.
l0
,\r'tiole ll)
l)l\ ll)l:\l)\
l)i\iden(ls t.ri(i l,\ .r (',nrtir r\ slrr(h i:.t r!.rJ(rrl ,'i.t ( (,nlr](rirr! Strlr l,) I r.:iidcnl
(,1 the ,Jlh(r ( (,rlr.r(lirU Slxlf rrr.r\ l.( t.,\((l lrr llrrl ,,lhrr ( (nnrrrlirrf Sl.!l(
I
2.
However. such dividends may also be taxed in the Contmcting state of which lhe
company payinS lh€ dividends is a rc,sident. and according ro the laws ofthat Slate. bul ifthe
bcnclicial ouner of the dividends is a resident ol lhc olher Contracling Slate, $e tax so
chargcd shall not crceed 5 per cenl ol lhe gross antount of the dividends. This paragraph
shall nol affect the taxalion of the compary ir r{rspecl of lhc profits out of which the
dividcnds art pdid.
The competent a thorilies of the Conuacling Slales shall by nrulual agrcemenl $nle lh€
mode of applicatiou olthis limitation.
li.
Dividends paid by a conpan) \,!hich is a rcsidenl ol s Contracting State lo th€
Covemment ol the oaher Conlmctin8 Stal. shall be laxable only in that other Conracting
Slate.
For the purpos€s ol lhis paragraph. the term "Covemmen!" shall include:
a) irl the case olGeorgia:
i) the Go\ernmcnl. adminislralive suMitisions or local aulhorilics:
ii) the Natiorul Bank ol'Georgia; and
iii) any other enlily rvholly oumed b,'. the Coyemmenl:
b) in the case o[ the Kirgdom ofSaudi Arahiai
i) the Saudi Arabia Moretary A$nc) (SAlvlA):
ii) the Saudi Fund tbr Development:
iii) the Public ldestmenl Fund;
i!) lhe Public Pension Agency:
v) the Ceneral Organizrlion forSocial lnsumoce- and
vi) alry other entiry wholl] owned by lhe Covcrnme .
4.
llr€ term "dividends" as t|s€d in this Aflicle means income from sharcs- 'roli$orce "
sharEs or 'Jbur\rancc " rights. mining shares. lbunders' shares or other rights not bcirB debt.
claims. paflicipating in profils. as \.rell as income from other corporate righls which is
lr
.l
subj€ctcd to lhe s.rm. Exalion tneatment as income from shares b), lhe laws of the Slate of
which the companl- makinB thc di$ribution is a residenl.
5.
fhe prorision:i ol pamsraFhs I and 2 ol lhis Afliclc shall not apply iflhe bcncficial
owner of the dilidends. bcing a residell oi's ConlractinS Slatc. carries on busin€ss in lhe
orher ConrractinS Stat€ ol \.-hich lhe comptur! prling lhe dividends it a resident throuSh s
pemranent esrablishmenl siluatcd lherein or pcrlbrnls in ihat olher Slate independenl personal
services from a fixed hase siluated therein. a d the holding in respecl ofwhich the dividends
are paid is eft'ectivcly conNcted \&ith such permaDcnt cslablishment or lixed base. ln such
cBse lhe provisions oi Arliclc 7 or Anicle 14. i$ thc casc nla) be. shall appll.'.
6.
Wherc a company which is a rcsident ol a Clontracting State deriles profl(s or income
from the othcr Contracting Stare. lhat other State mat nol impos€ any tax on the dividends
paid by $e conpany. excefl insotar as soch dividehds are Paid lo a residenl of that other
SraE or insolk as the holding iD respecl of which thc Jividends are paid is etTectively
connected wilh tl pefiuncnl eshblishmenl or a fixcd hase situaled in lhat other State. nor
subject the conrpany-'s undistribuled prolils lr) a lar on lhe companl-'s undistributed profils.
even if the dividends paid or thc undistrihuted profils consisl wholly or pa(|, oi profits or
income arisinS in such olher Stale.
,\rlielc I I
tN( ot\tI rrR()i\l I)]:lIl -( 1. \lNls
lnconr('linr .l.hl-chirrt. rrisins n.r ( ,)nlrr.lirr! Slllt ln,l Pu kr r residenl ol'llllj
olh('r (i)ntr clin! slllc rlli\ he ln\cd io that ,'lh.r ( r,rrlra.lint slnlc
I
Il,r\\c\ur. sLrch in(unrr ln,m dchl-(Lrrrrrs nlry als| hc tlrcLl in th. ( ,)rrlracting Stiltlj rn
\rhich it rriscs rn.l rcc.,rilif! I,, lhc Lr\\ r' ('l th.tl ( i)rrrrr!liru \l3lr. btrl il lhc h(rrcticial o$ ncr
ol such inci'rrrc rr :r rc,iJ.rrr (,t lh( (,lh.r ( \,r)tr.r!tr ! \t.rte. lIL lr\ s,, ch.rrgcd slull rrot
c\c.(.1 ) P!'r'e!nl ,,l lhe !n,\: irrrl(,rrn( (,1 \rrfh rn(t,rrrc
I
Ih.- c(, lrctcnr.urrhoriric\ ol th( (irlllrirelill! Stalr's \h.rll bv nrutual ilSrccul€]lt setlle lhc
nto(l('ol iptllicirlion ol lhis 1|lrrr]li(in
i.
lnc,rrrrr' lirnl d.bt-(Lrinr' irririrr! rr ir ( ('nlrrclirri'Slutc rrr,l prid t() ll)! Ut,\erno)cnl
r)l'thc ('th(r (irnlrir(rinl: Slxtc shxll b(' ti\rhlc i)rrl\ in lhal ,,lhcr ('ontrrl.lin! Stil..
I {,r lhc pur|ds.s ()l lhi:Prl!!nrth.
lh(l( n'(i,,,",rrn,""l .h.,tt i,r.tu,t.
il) irr lhc cirs!,,, (icor!itr
ll
i) the Governmenl. administralive subdivisions or local authoritiesi
ii) the N{tionol Bank ofOeorgi.: and
iii) an! other entill wholly owned b)., thc Covcmmert:
b) in lhe case oflhc Kingdom ofSaudi Arabia:
i) the Saudi Arahia Mooelarl ASetlc) (SAMA):
ii) lhe Saudi fund lor Development:
iii) rhe Public lnlcslrhent Fund:
iv) lhe Public Pension Agency:
v) $e General Otganizltion for Social lnsurance. and
vi) an!, other enlit) !t"holl;- ouned b5 the Covern cnl.
4.
The lerm "lnconte lrom Deb(_Claims as used in this Anicle mcans income from
debl-clainls ofever! kind. whethcr or [ot sccured by mort8age and whether or nol is carrying
a ri8ht lo panicipote ir the debtor's protits. and in pflrliculu. income liom govcmmeot
securitics and inco0re tron bonds or dcbcntures, including premiums and prizes sttsching to
such securilies. bonds or debentures. Penahy charyes lor lale paymenl shall nol be rtgrIded
as income from deht-claims tbr lhe purpose ol this Anicle
The provisions of paragraphs I snd I of this A(icle shall nol apply ifthc beneficial
owner of tlte income lronr dcbl-clai s. heing a resident of 0 Conlractin8 Stale, canies on
business in the other Contracting Slare in tlhich the incomc lionl debt{laims oris€s, through
5.
a pennanenl eslablishmenl siluated therein. or perlorms in lhat other Slate indep€ndenl
pcrsonal seftices tinnl a fixed basc situaed thercirl and the debl{laim in respect of which
such income is pnid is effcctivell' connected \r'ilh such pcnranelt establishmen! or fixed
base. ln such casc. the prcvisions ofArticle 7 or Article 14. as lhe casc may be slmll apply.
Incomc lronl dcbt-claims shall be decmeJ lo arise in a (bntraqing Stale when lhe
payer is a rcsidenl ol lhat State. Where. hotrcver. lhe person paying such income' whether he
is a resident of a Conlraciin8 Stale or not. has in a Conlracling Stale a p€rmane[t
cstablishmenl or a fixed base in conneclion \!ith \*hich lhe indebtedness on which such
inconle is paid was incurrcd. and such income i5 borne by such pcrman€nl cstablishmed ot
lixed base. then such irconlc shall be deemed lo arisc in lhe State in which $e permdDnl
6.
ertablishment or lired basc is situaled.
tr
7.
Wherc. by reason ofa sPecial relalionship bet$eetl lhe payer and lha benelicial owner
or betwce[ bolh of lherMrd some other pelson. the amounl of the incone from dcbt-claims,
having regard to lhe dcbt-claim lbr which il is Paid. exceeds lhe amounl which would have
been agreed upon h) lhe paler and lhc bencl'icifll o$ncr in lh. ahs€nce of such rclstionship.
lhe provisions of $is Arlicle sholl aPPl:- onl, lo the last_ntnlioDed amounl. In such case thc
exaess pan ofdre palnre ls shsll reDlain ta\eblc dccordinS lo lhe laws ofeach Conlracling
Sute. due regard heing hod lo the olher provisionr ofthis Agrcenrent.
.^rti(l( l2
Ito\
^l-
I IU5
l.
Itov.rlties rri.iog in n (-onlrllcling slLrlc ilnLl paicl to ir Lcri,Jcnt r'l llle olh!'r a(,n!racting
Slal( nu) be lsrcrl ilr lhitl othcl Slalc
tlL.\\erer. sLrch rr,\rlli.s nru\ JI\(! hc I.1\.rLl in lhc (i)lrlliictitr-! Stal. ir) \\hich the)
ris. and nccorJing to llle lrrs ol thill (i)rrltnllrn! Stirl.- hrrl il lh( trcneliciul o"r'ncr 'rlthr
r)!ahics is i residcnl ol lll( (,lher (inrlrttclin! \trlr' lh! lil\ sr! rh'rrgtd shall nt'l e\cccd
l.
il) ipcrclrrl ol lh. grlt\\ Inlt,ur)l ol 'trrh rr')irltic: shrrh a|e paidlirlhruse ol-orlhe
tighl (o usc irr(lu.trr.rl. .,,nrnrcrcr,rl ,'r riicrrtille eqrrifnrtnt:
1., Sp,rr.cnlol lh(g1,,::ilor,rtrrrl,)l qrih r'rr.rltic: rrr rl t'lhcr eJ5(5
lha corrpelcn( irrlh(,rilics ol'lhe ( lrllllilctllr! Slatcs shilll []\ nlululll n!rccnlsat icltle lhc
nrtric ol appliclrion o( lhis linlitation.
'lhct,jflr'rr,rJIr.' u.Lr:uJrrrlhi\,\,lr!l!nr(ilrl:frr\nr(nt\ol:tnrkindrsccivedasa
cL,rrsiJcrarion IiI th( u:( o,.,'r rh. fl!hl 1., (Lsc. rnl c,,prright,'l liLertln. artislic or sticnlilic
tolk including cin(nrlk,gluph lih)r\. (tr lllnri or lrtPcs u'cd li)r mdio or lclc\iiiorl
'1.
hr!,&luasti g. an! paltnl. lrl(lc nlirrl'. dcsign or nro,1cl. PLrn. 'cerct li)rnrtrln or proccss or lbr
thc rsc'otl or thc riglil t(, rl\c. in(lusltixl. conrnrcleiil r,r'sciurrlilie cquipnrenl or lor irtl'or_
nrxtioo llnos-hr,$l c,,rrecr'rrin! indrr-tnirl cornnrereial r'r 'Licrrlitie c\Perlencc or lhe
rcnJtrin.-.)l ilrr\ .(I\i((. (,r ir5\r\lrrr.c,,l .l l..lrrriuii1 |.rltrr.
Ihc ploiisi{lns ol pirft!rrPhs I irrl(l I (,1 lhi\,\rli!le rhirll nrrl xppl\ il lh. bt'rrellcial
owrcr ol'llrc roJillti(s. b,'irlU .r resi(i!'rrt ol r ( i\rllrirclinll slllc curries on husincss in lhe olhcr
(inrlractin! St lt ilr \\hi(h th( ro)'llli(s arisc. thft\ugh r pcrnrilrrcnl cslnblishm(rt siluated
lhcrcin. or perlilrnr\ irt rhrl olhrr SLat,: irrtlcpenJrrrt Per\(,nrl i(r!ic(s l;om x li\c(l basc
\iturrtc,l thcreir- urlJ Ih,j r1!hl or pn,FJll\ rrr r.sl.!l ,,1 \\hieh lhc royillli!s irrc prid is
cllicli\el) cl,nn.!t.d \t(lr \rruh Jr(roritlrcnl ,::hbliihnlcrrl I'r lirc.l base In such cise thc
prL,r irr,rrrs ol.\r'tielc ? ,,r \rlrLlc ll ol lhr\ ,'\8r'ccnrcrll. irs thc clrsc rlllr be. shall appll
{.
l-l
5.
Royahies shall bc deenred ro aaise in a (onrrxcting Stale when lhe payer is a residant
ofthal Contracling Sute. whcre. however. the person palints the ro)alties. whether h€ is a
residcnt o[ a Conlmcling Stale or not. ha-s in a Contmctirg Slate a permanent establishment
or a fixcd base in connection with which the liability to pay the rovahies $as inculred, ard
such royalties arc bome by such permanent eslablishmenl or lixed base. then such royalties
shall be deemed to arise in dre Slare in \ hish the pcrmrrielt establishNenl or fixed basc is
situalcd.
6.
Where. b) rcirson ol a sprsial relationship berur'(:rr the paycr and lhe bcftficial owner
or between both ofthem and somc olher pcrson. lhe anrcunl ofih€ royalties. havint regald to
lh. use. right or information lbr which they are paid. e\ceeds the amount \rhich would have
becn agreed uporr bJ- the payer and the beneficial owner in the absence of such Elationship.
fie provisions of llris Anjcle shall apply only to the lasl-meolioncd smouDt. in such case, the
excess pan of lllc pa).rnenls shall remain taxable according to thc laws of each Contracling
State. duc regard heing had to the otl1er pro\ isions ol lhis Agrclmenl.
Arlicle 13
CAPITAL GATNS
l.
Gains delivetl h, x residell ol a (ontraclinS Stdlc ,iom lhe alienation ot irnrnovable
propeny referred tu in Aniclc 6 o[fiis Agrc€menr and sirualed in lhe olher Conlrzcting Stale
may be ta-\ed in lhal other State.
2.
Gains ftom the alienation ofmovable propen) tbrming part ol'the busincss propeny ofa
permanent e$ablishmenl $hich an enrc.prisc ofa Conlmcting Sule has in the olher Coniracting
Statc or of movable propeny penaining lo it lixed basc avoilable to a rcsider{ oI a
Contractin8 S1ale ilr the olher Con0acling State fol the purposc ol perfomrinB independent
pelsonal seNices. inctuding such gains t'rom lie alieDation of such a psrmanenl cstsblishment
(alone or with rhe *hole enterpris€) or o[ such lixed base. oray be ta\cd in lhal olhcr
Contracti ng Stare.
l.
Cains fron the alienation of ships or aircrrli uperaled in international trallic or
nrovable propertl p€nainin8 to lhe operalion of such ship:t or aircrali. shall be laxable only in
the Co[tracring Stalc irr rvhich tlrt place trlefl'eclir'c rnaDaltelncnl ol-1he entcrprise is 6iluatcd-
4.
Gains iiom the alienation of sharcs that constitule a share in a company which is 0
resident ofa Conrmcting State. other Gan rhose lisred in the $tock excharge markel rnay be
taxable in lhar Contractiog Slate.
t5
Gdirrs derived from the alicnalion o[any propcny other lhan lhat refcrrcd lo in the
(
preceding pamgraphs shall be E:(ahl. only in lhe onlrnclillS Slarc ol'which tlp alienator is a
5.
resident.
'\rticl( l1
lNI)liPll\l)liN I' PlillsoN.\1. sl:ltvl( ES
lDL(,I)( \lrrr\!J h\ .r rL.lJ(rrl ,'1 ,, ( ,rrrlrir\lrrr! \l.ll. rrr r!'|t'l i' Ir"lc\si(]n'll str\i((\
iD lh!
or olh.r ncti\ rrrcs 1,1 ,Ir ||r(icprndcnr .hrrJ.ler \lull hc rAahlr ,nI rrr lh.rl SIi|t. c\ccpl
(i'nlra'lin8
Slalci
tollo$ing !irtunlstitn(.s. $hcn slLch lnconlr nlr) xlso bc tx\c(l ln lhc otltcr
l.
,t) il hcha:alircil ha.e rcgrrlarll tr\.nilxblc rt' hinr inrh'olhcr (on(fulling Slal'' I'or the
s" nrrrch ol lhc inconlc r\ i\
in lhll (a!(
PttlPos!_ nl N irnninr hrt lretir'ities:
"rrlr
(
.rtlrihLrlxhl. l(j lhitl li\.(l hilsc fln) lre ll\l.tl irr lhirl 'rlh(r tnllraclintl Slalc Ln'
hr il hi\ stir\ in rhe,,rher ( (nrlrx(ling Slirlt i\ Ii'r I ltri'r'l "r periocls irnrounling tL' ot
crut.iirrg rrr ll)! .rggrei:irl( lli &\s in rrrrl tstlrc rn'rnth prrioJ commeniinE "r
cntlirrg in thc llseal -rtlr c,'rrernre.l: in thrrt cr'c t)nl\ sdnlLrchof thtinconrtasis
olhtr
cl,:riverl liorrr hi\,rrlirilic\ l)(Ilarfi.\l in lllirl othl:r slille nrr\ h( hrrd iI llral
Slntc.
I
lh( t!rrt t)r,,lc\\i,rnrl .trri.e' irr'lr t' ('ll(r'rl \' rr(l'l(rr'l(nr '(rerrrrll' lilcral)-
.]rlistic. Ctluc Il.)nJl (ll lulehins i'.1 \iIi(\ rs ltllrs rht l1trl(l),rn(lL.nl llcli\iti!.s ol.PhvSi(i.ill},
larr,'_crs. cttgrrtccr: rrlchlt(c(s (l'nli:l\ xllJ il'cr)rrlllrlll\
Afliclt l5
I)liPi.NDIiNl PURSON,\l. Slllavl( l'ls
{shrius wagEs
SLrlrlrel (, lh( fr,,\rsi('rr.ol \r1lcl.s Ih. ll.rrirl let'l lhrs \Srec
'nl'
(
Slnlc irl rcspcct L'l irrr
and i)lher sintilir rrnrulrcrilliolr Licrireri hr a rr.i(lLnl ,rl r otll11tcling
I
(nrIolnrclrl is c\ercist(l in lhc
cmplo)1ncnl rhlll l,e trrrllble (,rrl\ in lhlrl slrle urrlcs\ lh'
as is Llelircd
olhcr' ( (,nlracting Stlrlc. ll th(.nrnl,)rnrcnt it rr ercrciscJ. srr,:h rcnrrrncr'Itiorr
thereliorlr nli) hs 1l\cJ irr thirl olh(r ( tnllriclirl! slrlt
:\or$rlh\r,rrr{tirrtlh(lr,)\iii,rr1'r'lfrr,r!r.rfll"trhr'\rli(l'r(rrrtrrr'rrtlion{lcri\!(l
hr r rt:rrlcrrr ,,1 ., (,,trttirilirl! \lirl. rrl r.\lr(.l " rrr crnll"rrrrtnr (\(rer\cJ in th( r)llltr
( onirxclrn! Strl. \h.rll bc rrrralrlc orrl: rrr the llr\l rrl'nli()rr((l \l]l' il:
a) the recipiEnt is presenl in lhe olher Contracling State for a period or periods not
exceeding in the ageregale 183 days in 6n)' lwelve_month p€riod commencing or
eMint in the fiscal year concemed; and
b) the remunerdlion is paid h). or on b€half ol'. an cmployer who is not a rcsideot ofthe
other ContractinS Stale. ald
c) thc remuncration is not borne b1 a prmanent estoblishment or a fixed bsse which
$e employel has in tlte olher Cohlmcling Stale
l.
Nolwilhstanding the preccding provisions of this Anicle. remuncration derived in
respecl ofan emplot-nrent exercised ak,ard a ship or aircrafi oPeta(ed in ioternational trafiic,
may h( laxed in lhe Contnuling Stalc in which lhe place of effectivc mansscnleDl of the
enlerprise is situated.
,\, ti'rl( l('
l)l lill( lolts l l':hs
l)ir!']lor\'lcr's rLIJ,,llr(r \irrri ]r l\r\lrr.nls l(rr!(J l.\ .r r.'i.l!11l i,l'ir ( on]rr(tiD! SllLle irl his
!.rpit.Ll\ lls r nr(rrrJrtr ,rl lh( hoitrLl ()a !lir.!l'irs "l ir .(jrnlirrl! \\hit:h is ir rosiJcrrl !l Ih'i olhcr
C,!r)lr.rclirlg SlJl( rrlJi ir. lLr\.,1 lrr lhirl r'lh(r \l.nr
.\rli.lc l7
.\l{ I ls I l.s .\NI) sP()lt I sPl,,RsoNs
Not\\ith\rlllr(lir! lh. !rl,\is1,,rr.,,1 \nrilt' ll .rn.l li "l this '\Srccnrcnl- ir)corn(
Jcrir,:.t brar.:iJellt rl r ( ,'rrlrn(tilr: \lrl(.rs r,n rnl.nrrn.l sLr(h I\ n lhcalrc. firolion niLltL_
rc- rir(li,, or tei(\ i\i('n iirtisl.. ,!r r nru\iti.rn. t)r;r: n \Brrlt|L'r{)| liorn his persLrnal activitrrr
as sLreh erercisucl iu tlc olhur (i)nlrirclin! sllrl.. rrr.r\ b. Iil\,r.1 in lhilt olllcr Slirtr'
I.
U'hcr. ineonrc in lcrfcli ol ll'r(or!l irljli\rrL.\ e\(rcis((l hr an enterlainer or a
btrl
sportsPcr\,rrl in his c:rpacitr its \trrll ir((rtr(\ rrL'l l(' llre ']rrlcrllill'l ot sP(rrlsltr\on hirrrsell
n,rrx,tltcr p(rs,nr. llrlrl inro,tt. nrir\- rr!n\\Lll)\lrnLlin! llr( tr('\iii(tlls (!i',\rticlcs 7. lland l5
ol'thr\,\!rr.rrt(nl. ht l.i\.d rrl lh( ( rrrrlrir.lins Sirir irr \\hich lh( ir!ti\llies r)l lh'j cn!'rlaillcr
or sP(n'l\rrl:rn Jrc .\crcis(d
L
lncnme J.ritcd h1 rr rc\i(l.nl ot li (,'nlritellrr! slrrtc liorn irtLl\ilie\ c\crciscd ir Ihc
olhtr ( orlux.lrrr! Sl.rl. il5 (rr\l']$(rl in p,rr.rr:rrrplr' I ,rrr.l l "t rhi' \rli(lr. shrll lt r\crrrll
(
\lirl( r\ lltfflorre(l
lionr l.r\ rnllrLrl ,'lhrr(,)rrlirrlrrr! \l.rl! rl ll! \ I'il i(' rlr.rl
.1
"lh.r "rrlr.r!lrrrr
rilrrrlI r,r nr;riIlr h\ frhlrc lrLr),]\,,1 lh( li l nl(r)lrtrllr'(l ( (rJrlrn(lirr! \lll.. Jrl ilJrlriIi\tr'rli\'
t7
subdilision or a Ioczll xulhoril) thercol-. or lakcs place trn(ler a cuhursl agaecmenl or
arrangemc betwcen thc Oo\ernnlents o[thc (:onlra.ling Slalcs.
Artitle lti
Pll\slo\\
Suhi(cl lr, thc In\isr\'rrs i'l parl!rrPh '{'l \rli!l( l') ol this r\SrcBrncnl perL\iorr'
and 0thcr sinlilar rcrrltrtle,'ulion plid l,! x rc\idcr)t "l ir (r'rrlrnelillg Strtt in corrside|ation ol'
past enrp[rrnrcnt \hrll l,.la\Jt,l. oDl) in lllill (i'nlrir(lirr! Slrt.'
I
N(n\\ilh\tarr(lirrSlhcf\11,\rsi,trrsol frr:rgrrPh lol llris \11i'lt. l1(rrsiorrs Faid rrrrd other
pi\nlenl\ n (le url(l(r .t frrhli( tchcnrr sh.h i\ Ir.rfl t'l Ih' s(rcial \t(urit\ s\sienr ol ir
( onrir!lrn! Slxl.,'r xrr rJniilri\lliili\r.(rh\11\1\r(rrr ,)r r l(r(ir :rrillxrril) lhcreol 'hull bctrxrhlc
onll in thnl ( (nrLlr.lirlg SliLlr
I
,\t (iclt lt)
(;o\.l:laN\l li\'l slll{\ l( l:
at Slhric.. \\iultr.rn,l olhcr 5irnilxr r.llrtrn(rrrli0n- olhcr lhan pcn:ion n icl b) n
( tllllra.llng slill. .,r .lIl llJllrlnisl!.lli\! .trt,Jjrisr.,rr .l ir l,rclrl irrrth.rr'itl lll.jrrol Lrt .lll
I
indi\i.ilul in I'rsnccl {r, senic(\ rend(t.rl 1r' lhrl sr'rre or 'Lrh'iitisic'n ('r rulholil\ shall he
li\.rbl!'onl\ in tlut (i'rrlr clin! Strlc:
bt Il,\\('\ . 't1.h \rlurrcs. $r!!'.rnJ,'thu 'rrrrrlrr lor rrrrrer'rr i.rr shirll lt lir\3blc ('nl\
('r)nlrd(lirr!
in lhc t,lh(r ( ,,rillx(tirrg \lirle il lh( \. r.(' rr' r'rr'i''r'J irr ll)trl 'rthcr
Slrt(.rllJ Ih( rrr!1i\i.lrr'rl r:.r r!'\kler)l "l lh ll \l'nc $ lrrr
i) is o nalional ofthat Stale: or
ii) did nol become a residenl of thal Slatc solel) lot lhe purpose of rendering the
sen'ices
a) Pensions and other similar remunemlion paid bl'. or out of funds cleated by' s
Contraciing Stalc or I adnrinistrati'"c subdilision or a loc'l aulhority lhercof |o an
2.
individual in respect of servioe! rendercd lo lhal slate or subdivision or aurhority shall be
taxable only in that Sl el
b) However. such pension and other sitiilar remuneralioll shatl bc taxable only in the
other Conlrucling Slale il the individual is a re:tidenl ol: and a nalional ol" lh6l
ts
State'
l.
fhe provisions of Anicles 15. 16. l7 and I8 ot lhir Agreemenl shall apply to salaries.
wages. pensions and other similar temuneraliorr in respecl trl services re[dered in connection
with d business carried on by a Conracling Slale or an administmtive subdivision or a local
authority thercol:
Article 20
STUDENTS
L
Payments which a stlldenl. busincss lminee or apprentice tlho is or wos immediately
b€forc visiting a Contracling Stare a r€sident of the othcr ContraclinB State and who is
prssent in the first-ntentioned State solcly for the purpose of his oducaiion or training
receives for the putpose ol his maintenance. educaliul or tmitring shall nol be taxcd in thal
State. providcd that such pa)-nrents arise fronl sources oulside lhal Stale.
Remuneration *hich a sludaDl. busiiess lminec or apprenlice who is or was
immcdiarely before visiting a ConlBc(in8 State a resident of lhe other Contractiry Stale.
derives frqm an employmenl which he exercises in the tirsl_mentioncd State for a poriod or
periods not exceeding lwo years shall not be taxed in lhe lilst-mentioned State i{ the
employment is direclly related to his studies. lrainee or apprenlic€shiP catried oul in tbe flrsl-
2.
'lrntioned
State.
.\rliclr:l
'r r.:.\( ]ll.:l{s AND lll.:sl"All( lIl:lls
ll!.rnunerdion. $hich r r.r.hcr or rr:sc.rrchcr rrho i.,'r s.r' resiJcnt irr,r ( orllrLrctrrUl Sl.tt{
(
\lllc Ior Ih( |rrrrl'ic ('l'l'ir'hin8 rir
nrir,r k) honi lnr rteJ t,r ,rr r rrilrng tlrt othr'r ",rlrr,:lrn:
ljorrdueliIS rescir!h recr:irc: in resptet t)l rrrrl] l!Li\ilrc\ rlrall not hr 1l\cd iD lltirt olher
('onn'actin! Slirlc li,rJ l(rr,'.1 n{rl .\.r(drD! \i\ \..rr' lr"1r lh(Jxl("i hi\lll,slr i\rl inth l
ArtiLlt 22
(rl lllll{ l\( o\Ila
llenr\ ()l in(orr1. ol x rosidcnl r,l x ( rinlrl!lir\! Slxtc. \\h.r.'\cl ll,isirlB. lr('t deall lvith
in thc li)re.!oir!.\rticl.\,jl lhis,\!r.lnrcnl shirll h(r lluhl.,'nl\ rr lhitt \l:tlc-
I
The provisions of paragraph I ol this Arricl!- sholl not appll lo income. other than
income ftom immo!rble propeny iN defiDed in paragraph i ol r\nicle 6 ol this Agrc€ment. il
the recipicnt ol such incornc. beinB il rcsidcnl ol-J (iulraclillg Stalc. cirrics on busillcss in
lhe olher ( ontrnclirul Stltr('lhrough a pcmlMcnl cstrhlishrlrr' situllcd thercin or pertbrms in
lhat othcr Slatc independenl personal srrvices liom a lixed base silualed thertin. and th.
rithr or propcrl] in respcd ol \,!'hich thc incomc is paid is effectively connec(ed *ith such
permanenl estahlishoreDl or fixed hasc. ln such case the pro\isiuls ()1'Anicle 7 or Anicle l4
ofthir Agreemenl. ns the case rnay be. shall appl1.
?.
Article 23
CAPI'I'AI,
l,
Capital represen(ed by immovabl€ propefl! refcrrcd lo ir Anicle 6 ofthis Agreemcnt.
owned by a residcnl of a Contracling State and situated in ihe other Conlracling St8tc, may
be taxed in thal other Conlracling State.
Capital rcprcscnled hy mollhlc proFn) ldrmin8 part ol lhe business propcrty ofa
permanenl eslablishment which m enterprise of a (:ontracting State has ir thc other
Contracling State or b)' nmvabl. propert, pertaining lo a lixed basc availablc to a rcsident of
a Contiacting Sute itl the other Conracling State for the purpose of performing indcpcndont
p€$onal s.rvices. n18y be taxcd in thal olher Stale
l.
Capilal represenled b! ships and lircrafl operalcd by ar enterprisc of a Co mcling
Shre i't inteflratiollal traffic. &nd by ntovable property pe(aininS to thc operation of such
ships aDd aircratl. shall be tarable only in lhe contracling Stale in which the plece of
L
effsctive management oflhe enterprise is situaled.
4.
All o(her elemcnts ofcrpital Ql'a residenl ol a (lonlracting Slale shal| b€ taxable only
in ftar Su(c.
\'.Ii(l( ll
\ll.lll()l)\ l.()ll l.l.l\ll\.\ ll()\ ()l lx)t Itl.l I \\,\ llo\
l)(,rh( r.r\,r11{,r'lrrrL h. Ll rrr rr.r1.,i ir' 1.,11,,$.
I.
in the case ol'Ceorgia:
t,r
a) Whcrc a resident of Ceorgia derives income or owns capital which. in accordance
with lhe provisions of this Agreemenl. may be taxcd in the Kingdo,n of Saudi
Ambia. Ceorgii shall allo$:
i) asadedurlion liorn the tax orthe incomc ofthat resident. an amount eqtlal to
rhe inconre la)i paid in the Kingdon o[Saudi Arabiol
ii) as a deduclion fiom dle lax on lhe capital of that resident. an ahount equal lo
the capital lai( plid in fhe Kingdom ofSaudi Ar0bia .
Such deduction in either case shall not. ho\yever, exced the sums of the lax which would
llavc b€cn accrued according to the rules ard rates oo this income and clpitd clfective in
Gcorgia.
b) Where in accordance with any provision ol lhc Agreemenl income derived or capital
owned by a residelrt of Georgia is exenrpl l'rom lax in ccotSi& Geotgis may
nevenheless, ir calculating lhe amounl oflax on the remaining income or capital of
such resident. take into account tlle excnrpted inconre or capital.
2.
in the casc ol lhe Kirrgdr.rm ofSaudi Arahia:
a) Where a resid.nt of th. Kingdom ol saudi Arabia detives income or owns capiial
which. iD accordance with rhe provisions of lhis Agreement. may be hxed in
Oeorgia. the Kingdom ofSaudi Arabia shall allow:
i) ls r !l.drrrlioD li(,Ir lhc txr (tn lh!'i0a(,tne ol lhill rcsidcnt. ll0 anlollnl equal lo
th( inLonl( lir\ pnid in (icorgiir:
ii) rs.r J('du(lron li,'rn ih. lil\ (\r) cupitrll {,l lhu rcsr.icnt- ;rn iuln)unl cqrrnl to lhc
lil\ on erl)i1xl lrrri in (icorgilr.
Such de.luclr('lr Ir cilh.r.n\. .hirli rror. hoscr.r. tru.((l lhll t,irrI .,, 1h( rDc,,ttic (a\ (,r.0piltll
trx. irs conrPutcd hcl',r'c thc,ltJLrtrion is !r\crr. \\hicl) r\ llllrrhulxhllj- irs lh. ciisc nrity b(, t()
rhc inlonrc,r'lh! (ll)rl.rl \hrch rn.r! h! lu\.(l ir) lh. Kirl!J,,lrr,'l SirLrJi 'lrlrhilr
h) thc ntClh( ' ti,r clinrirr.rtiL,n ol tlo!hlc t:rrirtr.rr \ill rrl IreiLr(li(c lhe Pro!isions ol
lhc,rkr1 ."()llcclion rc!inre.
]
'lriiclr !5
rlt rl .\1. '\(;l{El.\ll.\ I l'lt()( l.l)( l{l'l
\\rhcLc a ptrs,,rr cr,nsirl:r.s (ll,rl lirL'.r!rri, . (,1 ,iIlf !,r h'lh (r1'lh( ( r)lllrilctin! Srxr(r{
resull rn \\ill resLLll li,r hinr in urrrrti,rn n,,r rrr rrtr,r{lrrcr !!rlh lh(' fr()!isions trl this
1.
/\-qrecnrrrl- hc nlii\ irr('spc!li\t. ol lh. r.r c(lrL\ pr,,trJc,i hr lh. Jontciti. l:ln ol-lh(,sc
Slale:'. prcs!nl lr. (ir:c L, thr c,)rIl).1!rrl rrLrllxrrl) ,,1 lh. ( (rrrlrl!lirrg Slitl( of $hich hc is il
rcsidclrl. I'hc casc lr]lrsl hr F.surrte(l t\ilhr lilrtc t(rrs llolll lha lirsl n(nitlcxlior ol lh(
rcliorr r.sulting in lir\rlilnl nr)l in l.eor(lllntc \\ ilh lh. fr,r\ isiorrs ,rl this Aglrc,l)cnl
l.
lhe compct.nr rLrthi)ril) shnll c{rdca\{'Ur. il lhc ()hicetr('rr aPpc.ils n) it (o bcjuslilied
nDd il it is rlol il|ell lhlc ro ilrri\c !l r srtislx(lrrf\ \r)lulion. lo rrsol\c lhc crlsL'bl ulLlrl
{grcemcnl \vilh lhr c,'lnfclcnl xulh,\lil} ol lhc rllhtr (i,rllriclrrrg Slrle. \ilh a \ieu lo !hc
il\oidrnce ol ra\:rti(tr] shich is n,,t rn .rc.,,[luce sith llli\ .^!llenlcrrt 1n] aSrccnrtnl
rcrahcd shirll hr iul,ltor(lllcd n(,1\ilhslln.llllS irlr\ lim( lrirril' an lh( d\,n),Jstic la\\ ol lhc
(i)otrlreriru sliilc\
L
lh( !,nrlP(l(ol ruth(,rilr(' t,l lh( t,,rrlr.1!lLnr Slrrlc' 'hirll tn(lur\('ur l,i l!sol\c h]
rilurunl asrc(nr('nl nn\ di,li(ull1cs,)r J,ruht( ilrl\rrrg.ri l,j lh( rnl.rIretirli()ll ('r rnpli!nlrotr ol'
thi\ n!1,'cenleor. lhr\ rrr:r) rlso.()rlstrll t(ucll)cr li,r lh. tllnlir)r(iur,rl .i0rrble taxation rtr
ciises nol pr'o\ idcll li,r in lhis .\!ruertr(r\l
lhu i,,nrpcrirrr irilh'riliL: 1'l th. (,lnlrrelrrrg Stalc' nrrt c,'t:rrrrrrrricale \\ilh c.r(h
olhcr li,r'lhc l)urn()sc,,1 llrnrhir)! rrl] r!I!-(nr.nl in lll. 5(nsc t'l th( PrlrccdirUl PirraSr'rphs.
{
Arti(h 26
l.l\cl IAN(;t'l ol' lNt oR!tr\ ll( )N
I
llr..on\ucIl .llrllr,rIrlr(\ (,1 lllc ( (,rrlr.ritrrr] strrte. rh:rl crthrrngt.u(h inlirrlnJli('rl
r\ i\ ,ore\tc.rhl) ru1.\lrrl l;n'eitrr\rn! oul lll( fr('\r:h,rr\ ('i lhi\ .\grc.nlcnl Qr l() lhc
ildrrirrlslrrtion .,r rIl;rcenrcnl ol lh.,:lonr.\l! liL\\r !on(!rDlng lit\.s r'l tvcr\ kind nnd
(lescrip(ion irrp('s((l ,,rr h.htrll ('t thc ( ontrir!liIr! Srrll(\. r,r r)l thcir aJnrinislr.(i!e
subdi\'isir)ns or 1,'(tll rrrlhnrilir\. irlsolir r. lh. l.r\nlr,'n tluretrrlilcr is nol .onlraD t() lhi\
.\grcerncot Ihc.\ehrrn!! r,l inli,rlrritti,,n r. rn,l r.\lri.l.J h\ \rtirlet I irnd:,,1 (hii
inlornlxlr('rr rrcci\((l trnJcr prrl:raIh I ,)l Ihi\.\ rcl( h\ ir (i)nrracting Strlc
sh|ll h! ^ni
lr. cd is sccrct rrr tlt. :.rll( nrrnnrr .r: rnli,rlnxrion t,hlitin!'d undcr {he dtnn(slit lirNJ
ol-rhal Slrlc ind \hxll b. ilistli,seil orril l,) pcrr()rrs t,r ilLrlh('rilic\ {in(ludir)g courls nn(l
adnrinislrxli\,r hxlir\) eonc(11lc!l $itll lhe x\r'(\rnrelrl or tolle.ti0rr (,1. lh('tnlorcrrl)crll or
I
1q6>
proseculion in respect of. thc delefihination of appeals in r€lal ion to the taxes refe €d to in
paragraph I of this Aniclc. or the olersighl ol the abovc. Strch pcrsons or authoritics shall
use the information only thr stch purposes. Thel ma) dixlose the intbrmation in public
coun procecdings oI in .iudicial decisions. Not\ ithstanding the lbregoing. information
received b! a Controcting Statc may bc used tbt other puryoses when such inlbrmalion may
be uscd for such olhcr puryxrscs undcr the laws ol holh Stoles and lhe comperenl aulhority of
thc supplying Srate authorizcs s[ch use.
J.
In no case shallthe pror isions ofpamgraphs I and I ol-lhis Anicle be conshucd so as
to imposc on a ( ontraclinB Slatc lhe obligsli('n:
a) l() carrt.- out administmtivc measurcs al variancc with lhc laws and adminis[arive
practice oflhal or ollhc olher Contracting State;
b) to supply itfbmution which is nol obtainable under $t l6ws or in the normal couse
of the administration ofthal or olthe olher Conlracing Slatei
c) lo suppl) inlormalion $hich would disclose 0n)' tradc. business, industial.
commercial o[ pR issional sccrcl or lmdc proaess. or inlbrmation. fie disclosurs ot
which would he contrar! lo public policy {a/l}c/r/r}/n ).
.1.
lfinfomration is r€quested b!'a Contracting Slat('in accordance wilh lhis Anicle' the
orher Conlracting Slate shall use its iitbrmaliol golherin8 lreasures to oblain ihe requoste{i
infomution. even lhough that other stale mr) nol nccd srrch information for hs own ldx
purposes. l-he obligalion contained in lhe preceding senlence is strbject to lhe lirnitations of
para3raph 3 of lhis Anicle bul ill no case shall suth linritatinns be oonsfiued lo permit B
Corlracting State t(r decline lo suppl) intormaliofl sol.l) because it has no domestic interesl
in such ilformalion.
ln no case shall the provisions of paragraph i ol this Anicle be construed to permit a
ConractinS Sure to decline Io suppl.v intbmalion solely hecause the irrfomration is held by a
bank. olher financial institution. oonrince or pers(ln fl{ling in an agenc) or a fiduciary
rapacll) or hij(J('i. il rcl3tc\ Io tn\ltJrshlp lnl!rcsls irl .r pctx'tr
5.
tflitlt:1
,]ts
ilt t Nt[
ol; I)lPl.oNl \ I l( l\tl5sl()NS.\\l)(()\sLt-AI{P()s]s
\,nhin! rr Ihi. \irr(trrr!rrr 'lr.1ll Jll(.r llr( li...rL ;'rrrrlr:e' "1 rrr.nrl'.r' t)l JrIl"rrlalir
rrrissiorts 0r eL,nsLrliu posls un\l.r lll( !.rlcr'.rl rrr (s ol lltl(rlrrrli,rnal Iit\\ or trn(lcr lhe fr(r\ i\i"n\
('l 5trclrill xgre.r (rll\
,\rlitl'i 2li
! SCt:l.l.ANEOtrS t',Roylslo\s
l.
Nothing in this A8r.'emenl shall alEcl the npplicirlioD of the provisions of thc
domesti( la\+s ol eithcr Controcting Slat('lo pre\r'nl lnr e\asiol 3nd tax avoidaDce
2-
Nohlithsunding rh€ provisions ol an) other Arliclcs ol this AgrcEment. benefits
p.ovided under this Agreem€nl shall nol be granled lo conrpanies ol cither Conn-dcling Stale
if the purpose of the crcati.rn of such co panies is to ohtain bencfits under this Agreement
that would nol olhenvise be available.
Arti(lc 29
l-N fRY l\ l()loR( l.l
lrach ofthe (irnlra(liru Stiltcs shdll n(,til\ () th!,nh(.r in $rittcn thftrugh diphnlali.
channcls thc corrrplcriL,n (tl'lhe froc.dtrr!'s reqrrircd I'r rt. Lr$ li)r lh. !'nlr\ inli) tilrcu ol lhis
L
r\greellrcnl ll]ir ,\!rcrnlcnl rhrll (rll irrl(, li,lcc olr th! lir5l (krl ol lhr'second rnonth
li)l[)srng ll]c rn,,nrh rrr rlrr.lr rhc l.rl.r ',1 lIc\( rr(,lili(rrr,'! r' $r: recci\.d
?
lhc pri,r i:i,rrrs,!l lhi\ \Src(rrlcnl slrrrlll iccllectr
e) \\ilh regirr(l lL) L:r\(\ Nrtllh.l(l ,rl torlrc(. rrr rc\fe(l ()l rnxrLrnls pald or crcdrl.d on or
!licr th( llrr( (ln\ (,t .l.lnuir\ rrr\t Ii'lLo\\ing lh( (lr1( ullor \rhich lhc Agrcenlcnl
cnlcrs inl,, li)r(.'. rtn(l
b) wilh regard k) olhe, taxes. in r'aspccl ol ta$ble yea,:s bcginning on or aftcr the tiBl
dal.' otJeuluary uert following thc dale uPon trhich the Agreemenl enters into tbrce.
.\rliclo '1(l
I l'-llrll\ \1 1()\
lhir,\!rrerr(rn \hxll rcnillI rn l(,rcr llr(l!.tirrilrl\ hLrl (illrrL ol lht (irlllraclrns Stxlc:
nrn) lumrirritlc lhis ,\grcr'nrcrrl lhr1,(r!h Ihc \iifllnnrrli( (hirllnul. 11\ gi\illg hr lh' olher
(inrlriLclin{ SlJlr $rillcrt rxrlic! ('l l(rlnirl,rli{rr) n('l lrtl(r lllarr il) .lLlnc r)l llll\ cal';trrlar 1'car
\lartiolr lj\c )cirr\ Ilicr rlrt rcaL in shr.h thi' \!lu.rrtnl rnl(rc.l itrt,) li)rtc
I
2.
ln such evenl lhiJ Agreemenl shall cense t(r have etfecl:
,.]J
)
uhh reEorJ ro raxes s'ithh€ld at source. io rcspccl of amounls paid or crcdited aner
the €nd of(he calendar year in \&hich srch nolicc is given: and
h) with rcgard to otlrer laxes. in respecl ol la-\able years b€Sinning aftcr lhe cnd ofthc
calendar yesr in which such Dolicr is givcn.
In witness whereot the undcrsigrtd. being dull authorized thereto. have siSned lhis
Agreemenl.
Donc in duplicate al Riyadh. on l.lrh lvlatch 201{i conespondhrg lo 26'h Jumadall 1439H. in
the Ceorgian. Aiabic and English languagcs. all lcxts being cqurlly authenlic' ln case oI
divergence of illttrprelation. lhe Bnglish lext shall prc\ail.
l or lho Ninsdotr
l or (; !r, r;rin
"fSrudi
Arnhia
J {"+,,4
"/
r-L--------s N
Nliurt!L lrxkly'ddzL
tlohx"r'ixrl .\bdullxh
\Iini\lrr ol l irx^l-c(
Nl in ist cr of I Ina rrtr
li
ln(l:'xn
PRO'I OCOl.
At the mome,rl ol'siSring lhe Agreement between Ceurgia ard thc Kingdorn of Saudi
.{rabia lbr lhe A\oidance of douhle taration with respecl to taie$ on income and oo capital
lnd thc prevention ofle\ evasion".lhe undersigned have agreed thal thc following provisions
shall form a[ iotegral pa( ofthe Agreemenl.
l.
Whh rel-erenoe ro Ani.lc :i ol the Agreenr€nl:
lrlth(.:r\(\,1 (iu,r!r.r. ll)( 1(rrrr'-.rlrrrr rr.lr,rlr\(.uh\lr\r\r(rrrs ,'r'-loctll lLllh(,riLr(s'
mrxn:. ir(hnini\lrirlr\e-lcriloIi:rl urits r,r "i!,(irl scll !,,\tr]rr1! tLrlh(,ritr!s :
wirh refercnce lo Anicle 7 ofthe Agrecmcnr:
It is understood thati
I) lhc business protits derived b) nn enrerprise ot a Conracting Slate from lhc
expoftalion of nrerchandise !o the other Contracling State shall nol be raxed irl thal
orher Conuacting Slate. Wherc exporl contracts includc other activities cari€d or
through a permanent establishmcnt in $e olher Conuacting Stale. profiE dcrived
from such activities ma) be taxed in the olltr Co[Iracting Slatel
h) The ternl business protits" inclldes. hul is rrot li,nited to profits deived fronl
manut'aclurin!. nrercantile. banling. insurance. thc operalion of inlard transportalion
6nd the lurnishirg of scrvices. Such a tenn does nol include the perfbrms,rce of
pe.sonal services by an individual either as an employce or in an indepcndenl
capacity.
In rvitrrcss rvhercofthc undersigncd. bcinS d ll i'uthoriT.d ther('to. ha\'c sisDed this Protocol.
Done in duplic.[e ar Ri),adh. on I4'r' March 2018 conesponding to 26'i Jumada'll 1439H, in
the CeorSian. Arabic and English languages. all texN being equally authentic. In case of
divergence ofirrterpretation. the English texl shall prevail.
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11
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